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Oct 8, 2012 11:00pm EDT
all those new tv shows popping up on youtube? advertising $600 billion global market. less than penn% of that is online. i think that percentage gets much bigger going forward, which means a lot more money for google. and that's just in the core business. don't forget, google is truly a global company. 54% of the sales from outside the u.s., dollar getting weaker versus euro is going to help them. the international side of the business growing rapidly. google's balance sheet $43 billion in cash, no debt. i'm also a believer in management. now i remember when co-founder larry paige took over as ceo in april of 20 leonardo. oh, there were a ton of doubters. but the guy has done a great job, streamlining the company by reorganizing around individual product areas and focusing on relentless innovation does not get enough credit for the job he has done. each though google is a $758 stock, it's only trading at 15 times next year's earning estimates. when you look at the out-years, google gets insanely cheap. the analysts think it can earn 67, 11 times 2015 numbers. that's a real low valuat
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